{"id":145,"date":"2014-09-10T19:45:59","date_gmt":"2014-09-10T19:45:59","guid":{"rendered":"http:\/\/demo.themesuite.com\/automotive-wp\/?p=1"},"modified":"2018-08-15T13:58:43","modified_gmt":"2018-08-15T18:58:43","slug":"fiat-exercises-option","status":"publish","type":"post","link":"https:\/\/waynesautosales.us\/?p=145","title":{"rendered":"Fiat exercises option to buy additional 3.3% of Chrysler shares"},"content":{"rendered":"<div class=\"0aa3ff992178a494436ab74c25f5b5c4\" data-index=\"1\" style=\"float: none; margin:10px 0 10px 0; text-align:center;\">\n<script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script>\r\n<!-- Waynes -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-2145445851215652\"\r\n     data-ad-slot=\"8294265753\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script>\n<\/div>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-full wp-image-930\" src=\"http:\/\/demo.themesuite.com\/automotive-wp\/wp-content\/uploads\/2014\/09\/img-51.jpg\" alt=\"img-5\" width=\"400\" height=\"250\" \/>Fiat today exercised an option to raise its stake in Chrysler by 3.3 percent.<\/p>\n<p>The move is part of CEO Sergio Marchionne&#8217;s step-by-step purchases intended to lead to full control of Chrysler and the creation of a merged company that would be able to compete better with industry leaders Toyota, General Motors and Volkswagen.<\/p>\n<p>Fiat has been exercising options since mid-2012 to buy holdings of about 3.3 percent from the VEBA, a medical-benefits trust for the U.S. carmaker&#8217;s retirees.<\/p>\n<p>Including today&#8217;s purchase, Fiat has exercised three of its six-monthly options, increasing its stake to 68.49 percent.<\/p>\n<p>Fiat has said it wants full control of Chrysler, which would give it access to some of Chrysler&#8217;s cash flow for investments in new models.<\/p>\n<p>Chrysler has become Fiat&#8217;s most reliable profit generator as the Italian company struggles to end losses in Europe that totaled 704 million euros ($903 million) in 2012 amid a<\/p>\n<!--CusAds0-->\n<div style=\"font-size: 0px; height: 0px; line-height: 0px; margin: 0; padding: 0; clear: both;\"><\/div>","protected":false},"excerpt":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-full wp-image-930\" src=\"http:\/\/demo.themesuite.com\/automotive-wp\/wp-content\/uploads\/2014\/09\/img-51.jpg\" alt=\"img-5\" width=\"400\" height=\"250\" \/>Fiat today exercised an option to raise its stake in Chrysler by 3.3 percent.<\/p>\n<p>The move is part of CEO Sergio Marchionne&#8217;s step-by-step purchases intended to lead to full control of Chrysler and the creation of a merged company that would be able to compete better with industry leaders Toyota, General Motors and Volkswagen.<\/p>\n<p>Fiat has been exercising options since mid-2012 to buy holdings of about 3.3 percent from the VEBA, a medical-benefits trust for the U.S. carmaker&#8217;s retirees.<\/p>\n<p>Including today&#8217;s purchase, Fiat has exercised three of its six-monthly options, increasing its stake to 68.49 percent.<\/p>\n<p>Fiat has said it wants full control of Chrysler, which would give it access to some of Chrysler&#8217;s cash flow for investments in new models.<\/p>\n<p>Chrysler has become Fiat&#8217;s most reliable profit generator as the Italian company struggles to end losses in Europe that totaled 704 million euros ($903 [&#8230;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"_monsterinsights_skip_tracking":false,"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[2,13,8],"tags":[20,21,22,14,23],"class_list":["post-145","post","type-post","status-publish","format-standard","hentry","category-automakers","category-manufacturing","category-production","tag-buyout","tag-chrysler","tag-fiat","tag-financial","tag-merger"],"_links":{"self":[{"href":"https:\/\/waynesautosales.us\/index.php?rest_route=\/wp\/v2\/posts\/145","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/waynesautosales.us\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/waynesautosales.us\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/waynesautosales.us\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/waynesautosales.us\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=145"}],"version-history":[{"count":1,"href":"https:\/\/waynesautosales.us\/index.php?rest_route=\/wp\/v2\/posts\/145\/revisions"}],"predecessor-version":[{"id":755,"href":"https:\/\/waynesautosales.us\/index.php?rest_route=\/wp\/v2\/posts\/145\/revisions\/755"}],"wp:attachment":[{"href":"https:\/\/waynesautosales.us\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=145"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/waynesautosales.us\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=145"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/waynesautosales.us\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=145"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}